Cardamom down 1.3% on profit-booking
Spice for delivery in December fell by 1.04%
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Cardamom futures fell by 1.30% to Rs 679.10 per kg today, as traders reduced their holdings amid sluggish spot demand.
Besides, sufficient stocks holdings in the physical market influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for January contract declined by Rs 9, or 1.30%, to Rs 679.10 per kg with a business turnover of 215 lots.
The spice for delivery in December fell by Rs 7.50, or 1.04%, to Rs 708.10 per kg with a trading volume of 42 lots.
Marketmen said profit booking by speculators at existing levels and fall in demand in spot market also put pressure on cardamom prices in futures market.
Besides, sufficient stocks holdings in the physical market influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for January contract declined by Rs 9, or 1.30%, to Rs 679.10 per kg with a business turnover of 215 lots.
The spice for delivery in December fell by Rs 7.50, or 1.04%, to Rs 708.10 per kg with a trading volume of 42 lots.
Marketmen said profit booking by speculators at existing levels and fall in demand in spot market also put pressure on cardamom prices in futures market.
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First Published: Dec 23 2013 | 2:25 PM IST